According to the Canalys report, Xiaomi became the second largest smartphone company in the world in the second quarter of this year, overtaking Apple. In just one quarter, Xiaomi was able to increase smartphone shipments by 83%. In comparison, Oppo showed the second highest growth rate, and it was only 28%.
Xiaomi now has 17% of the market. Samsung is still in first place with 19% of the market, while Apple now has 14%. Ben Stanton, an analyst at Canalys, notes that the average selling price of Xiaomi smartphones is 40% lower than Samsung and 75% lower than Apple. This clearly contributes to the growth of supply, as well as in principle the increased demand in the market. During the second quarter, Xiaomi was able to significantly increase the supply of the flagships of the Mi 11 line: by 300% in Latin America, by 150% in Africa and by 50% in Eastern Europe.